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Jun 21 - 07:55 PM

AUD/USD - Opens Higher As Market Reverses Friday's Moves

By John Noonan  —  Jun 21 - 07:08 PM
  • AUD/USD opens 0.86% higher after erasing most of Friday's losses

  • Hawkish turn in Fed expectations last week seen as overdone on reflection

  • Strong reversals seen on Wall Street and US Treasury market nL2N2O32KXnL2N2O324J

  • AUD/USD poised below 200-day MA at 0.7555 and break would ease pressure

  • Key fibo support is at the 61.8 of the 0.6990/0.8007 move at 0.7378

  • Despite strong bounce, AUD/USD still in short-term trend lower

  • The 5, 10 & 21-day MAs in bearish formation and tilting lower

  • For more click on FXBUZ











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Source:
Refinitiv IFR Research/Market Commentary

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